Jen sent me a link to an article that is a must share!
Several times in the past month I’ve received a recorded call from “Heather” with “Card Services” offering to lower the interest rates on all of my credit cards to 6.9 percent. She then instructs me to “press 1” to be transferred to a live agent.
It turns out that these “Heather” calls are claiming that they can lower your interest rates by negotiating with your creditors. In actuality, you’ll receive a debt pay down book. They are asking for a lot of money for information you can get for free by checking out a personal finance book from the library.
I get a lot of those recorded calls. Most are for an auto warranty but I have received a few of these calls that claim that they can reduce your interest rates. I don’t recall if the woman in the recording was Heather or not – but it sounds very familiar to the call in the article.
My rule of thumb is to not do anything when someone I don’t know calls me – even if it is someone wanting to do a survey. I tell them that I never do anything over the phone and to please not take it personally. 98% of the time they hang up on me without even saying good bye so I’ve been following that rule for quite a few years.
Thanks Jen for sharing this article with us!